GFL Environmental Inc. Announces 10% Increase to Quarterly Dividend

Rhea-AI Summary

GFL Environmental Inc. announced a 10% increase in its regular quarterly cash dividend, raising it from US$0.01 to US$0.011 per share. This dividend will be paid on April 30, 2021 to shareholders of record as of April 19, 2021. The dividend is classified as an eligible dividend under the Income Tax Act of Canada. GFL is the fourth largest diversified environmental services company in North America, with over 15,000 employees, providing various waste management services across Canada and 27 U.S. states.

Positive

• 10% increase in quarterly cash dividend from US$0.01 to US$0.011 per share.
• Dividend payment date set for April 30, enhancing returns for shareholders.

Negative

• None.

VAUGHAN, ON, April 8, 2021 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that the Board of Directors of the Company has declared a 10% increase to the regular quarterly cash dividend on the Company's subordinate and multiple voting shares.

The regular quarterly cash dividend, which increases from US$0.01 per share to US$0.011 per share, will be paid on April 30, 2021 to shareholders of record at the close of business on April 19, 2021.  The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada).

About GFL

GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of non-hazardous solid waste management, infrastructure & soil remediation and liquid waste management services through its platform of facilities throughout Canada and in 27 states in the United States.  Across its organization, GFL has a workforce of more than 15,000 employees.

Forward Looking Statements

This release includes certain "forward-looking statements", which are not guarantees or assurances of future performance. Because forward-looking statements are related to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. GFL undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws. The declaration, timing, amount and payment of any future dividends remains at the discretion of GFL's Board of Directors.  

For further information: Patrick Dovigi, Founder and Chief Executive Officer, +1 905-326-0101, pdovigi@gflenv.com. To subscribe for investor email alerts please visit https://investors.gflenv.com or click here.

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SOURCE GFL Environmental Inc.

FAQ

What is the new dividend amount for GFL Environmental?

The new quarterly dividend amount is US$0.011 per share.

When will the GFL environmental dividend be paid?

The dividend will be paid on April 30, 2021.

What is the record date for GFL Environmental's dividend?

The record date for the dividend is April 19, 2021.

Is the dividend from GFL Environmental eligible for tax benefits?

Yes, the dividend is designated as an eligible dividend under the Income Tax Act of Canada.

How does the dividend increase impact GFL shareholders?

The 10% increase in dividend enhances shareholder returns.